Exchange rate determination sets prescribed foreign currency conversion rates for imported goods effective from 1 October 2003. The Board determines fixed conversion rates for specified foreign currencies into Indian rupees for import valuation, effective 1 October 2003, superseding the prior notification of 26 August 2003. Two schedules are provided: Schedule I sets rupee equivalents per one unit for listed currencies; Schedule II sets the rupee equivalent per one hundred units for Japanese yen, and those rates are to be used for customs import valuation and clearance.